Hello Mates,
I was here reading this article and also studying multimillionaires like Carlos Slim and many others. They made a tons of money in recessions, they bought business in recessions, and I was wondering what would I do if a recession was to happen in a couple of years or less. I sat there wondering what business would I start? What business would I buy? Would I buy real estate ? Stocks ? Gold, Silver ?
What would you buy ? Real estate ? Stocks? Oil ?
What business would you buy ?
Or what business would you start ?
What sells during a recession ?
In other words what would you do to multiply your money ? Why would you do that ?
You already know what I would do ! I would buy real estate, triplex, fourplex, and single family homes (Single family homes appreciate the fastest) I would obviously use loans to acquire as mush real estate as possible. I know a friend that made millions by buying a portfolio of homes when that market was at its lowest. He bought 95 homes, he sold some to invest into the ones that needed work so they can be rent-able. Now he is worth millions, lives off cashflow, dont get me wrong the guy still has issues all the time with the homes. He said I have 70 roofs, 70 ac's units to watch for, but it sure does cashflow !
According to the facts in the article below we would be entering a recession here soon
Great News: There’s Another Recession Coming
I was here reading this article and also studying multimillionaires like Carlos Slim and many others. They made a tons of money in recessions, they bought business in recessions, and I was wondering what would I do if a recession was to happen in a couple of years or less. I sat there wondering what business would I start? What business would I buy? Would I buy real estate ? Stocks ? Gold, Silver ?
What would you buy ? Real estate ? Stocks? Oil ?
What business would you buy ?
Or what business would you start ?
What sells during a recession ?
In other words what would you do to multiply your money ? Why would you do that ?
You already know what I would do ! I would buy real estate, triplex, fourplex, and single family homes (Single family homes appreciate the fastest) I would obviously use loans to acquire as mush real estate as possible. I know a friend that made millions by buying a portfolio of homes when that market was at its lowest. He bought 95 homes, he sold some to invest into the ones that needed work so they can be rent-able. Now he is worth millions, lives off cashflow, dont get me wrong the guy still has issues all the time with the homes. He said I have 70 roofs, 70 ac's units to watch for, but it sure does cashflow !
According to the facts in the article below we would be entering a recession here soon
Great News: There’s Another Recession Coming
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